Serious wind of change as Bitcoin is expected to hit 250k in four years- Venture capitalist

Serious wind of change as Bitcoin is expected to hit 250k in four years- Venture capitalist

Serious wind of change as Bitcoin is expected to hit 250k in four years- Venture capitalist Over the past months Bitcoin and other cryptocurrency has witness a one of the worst correction in the history of cryptocurrency losing over 70% of its value. This trend has made most cryptocurrency enthusiasts especially the new bees to

Serious wind of change as Bitcoin is expected to hit 250k in four years- Venture capitalist

Over the past months Bitcoin and other cryptocurrency has witness a one of the worst correction in the history of cryptocurrency losing over 70% of its value. This trend has made most cryptocurrency enthusiasts especially the new bees to question the real worth of cryptocurrency.

Is Bitcoin ever going to reach an all time high of $20,000 again?

These are the question in the lips of the majority of those who invested in Bitcoin.

One of those who have a contrary perception about the worth of Bitcoin in the nearest feature is TIM DRPPER. Tim Draper is a venture capitalist who has a whole lot of money tied up in technology-based investments. Draper as a strong believer in cryptocurrency solutions and blockchain technology way Back in 2014 when Bitcoin was just around $490 he predicted that in four years the price of bitcoin would be above $10K. He went Further to purchase 30,000 BTC for an undisclosed amount at the U.S. Marshals Silk Road bitcoin auction. The spot price of those coins was worth $19 million at the time, and today that investment should be worth at least $239 million.

In his recent prediction on the 13th of April Draper through his twitter handle, Draper predicted that by 2022 Bitcoin will be worth $250k.

“Serious winds (of change) at our block(chain) party last night,” Draper writes to his followers on Twitter.

Previously, at a 2017 web submit draper had declared that in bitcoin will replace fiat currency in five years time.

In five years, if you try to use fiat currency they will laugh at you — bitcoin and other cryptocurrencies will be so relevant — there will be no reason to have the fiat currencies.

Following 2017 Web Summit, Draper explained in an interview this year that he believes “bitcoin is the future currency.” The venture capitalist explains, “People ask me, ‘Are you going to sell your bitcoin [for fiat]?’ and I say, ‘Why would I sell the future for the past?’”